If the talks succeed, it could boost the state's industrial sector ahead of its Global Investment Meet (GIM) in February scheduled next year.
"Some companies from outside the country are coming to Kerala because it is the largest EV market. Mahindra is coming for some discussions next week," Kerala Industries Minister P Rajeeve told Business Standard. An M&M official declined to comment on the company's plans for Kerala.
Kerala leads the country in passenger vehicle EV penetration at 5.2 per cent, ahead of Delhi's 3.2 per cent and Karnataka's 3.1 per cent, according to a BNP Paribas report. The state also has the highest penetration of electric two-wheelers at 13.5 per cent, ahead of Karnataka with 11.5 per cent, Maharashtra with 10.1 per cent, and Delhi with 9.4 per cent.
This story is from the August 10, 2024 edition of Business Standard.
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This story is from the August 10, 2024 edition of Business Standard.
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